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This AI company is the amazon of logistics

LevelFields AI
351 subscribers
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173 views 8 months ago BALTIMORE
Symbotic ($SYM) revolutionizes the supply chain with flexible, on-demand inventory management, seamlessly moving products to reduce transportation costs with high-density mixed-SKU pallets. Their system transforms warehouses into strategic assets by lowering costs, boosting efficiency, and enhancing safety and capacity. Symbotic emerged from CEO Rick Cohen's grocery business needs. Starting from scratch with a basic prototype built on a piece of plywood and four wheels, their A.I.-powered robots now navigate large football field-sized warehouses at over 20 miles per hour. In 2022, Symbotic went public, now eyeing a 350 billion dollars market to reshape the global supply chain. For March twenty twenty four Symbotic reported revenue of four hundred twenty four point 3 million dollars, a net income loss of 6 point 58 million dollars, and operating income of 16 point 79 million dollars. These figures highlight Symbotic's scale and the significant investment in its technology and growth. Subscribe and follow for more insights and updates! #robotics #ai #logistics Visit our website: https://www.levelfields.ai/ ...more
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This AI company is the amazon of logistics
1Likes
173Views
Jul 232024
Symbotic ($SYM) revolutionizes the supply chain with flexible, on-demand inventory management, seamlessly moving products to reduce transportation costs with high-density mixed-SKU pallets. Their system transforms warehouses into strategic assets by lowering costs, boosting efficiency, and enhancing safety and capacity. Symbotic emerged from CEO Rick Cohen's grocery business needs. Starting from scratch with a basic prototype built on a piece of plywood and four wheels, their A.I.-powered robots now navigate large football field-sized warehouses at over 20 miles per hour. In 2022, Symbotic went public, now eyeing a 350 billion dollars market to reshape the global supply chain. For March twenty twenty four Symbotic reported revenue of four hundred twenty four point 3 million dollars, a net income loss of 6 point 58 million dollars, and operating income of 16 point 79 million dollars. These figures highlight Symbotic's scale and the significant investment in its technology and growth. Subscribe and follow for more insights and updates! #robotics #ai #logistics Visit our website: https://www.levelfields.ai/

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LevelFields AI

351 subscribers